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Administrative corruption in Islamic Banking

Posted on 26 March 2009

From Aawsat.com: Perhaps many people were shocked at the recent media reports of financial corruption taking place within an Islamic Bank.

The reason behind this shock is not due to the existence of financial corruption at a prestigious financial institution – although this is more than a sufficient reason for shock – but rather because this financial corruption took place inside an Islamic financial institution that claims that all of its activities are directed and governed by Islamic Shariaa Law. [If this is the case] then how did this happen?….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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